Landais, Bernard (2010): The monetary origins of the financial and economic crisis.
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Abstract The monetary policy, especially the American one, can be blamed for the remote role (2002-2004) it played in the creation of the speculative bubble which led to a financial crisis. It also has a part of the responsibility through its restrictive direction during the 2004-2006 period; this time, a direction shared by other central banks. Finally, it is more immediately involved through its lack of clear-sightedness and responsiveness in the first months of the recession.
|Item Type:||MPRA Paper|
|Original Title:||The monetary origins of the financial and economic crisis|
|Keywords:||Economic crisis, Financial crisis, Monetary Policy, Taylor Rule,Taylor gap, Interest Term Spread, Recession|
|Subjects:||E - Macroeconomics and Monetary Economics > E0 - General
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E58 - Central Banks and Their Policies
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy
|Depositing User:||Bernard Landais|
|Date Deposited:||12. Jul 2010 13:29|
|Last Modified:||12. Feb 2013 16:04|
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